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to identity theft, especially during tax season. >> announcer: every year, millions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. your identity needs protection, and no one does it better than lifelock. >> identity thieves steal from everyone. you have to protect yourself. i protect myself with lifelock. >> announcer: lifelock offers the most comprehenve identity theft protection, period. and lifelock ultimate was named "best in detection". lifelock's 24/7 proactive protection alerts you as soon as they detect an attack within their network, before it's too late. lifelock protects your social security number, money, credit, even the equity in your home. while identity theft can't be completely stopped, no one protects you better than lifelock. and lifelock snds behind that with the power of their $1 million service guarantee. you have so much to protect and nothing to lose when you call lifelock right now and try 60 days of identity theft protection risk-free. 60 days risk-free! use promo code: taxrefund. order now and get th
on public servants, wasted money spent in the financial crisis and the only thing is higher taxes. >> there is an oversight of spending tax dollars, we have known that for a while. with the story with school superintendent, national average 162,000 to be a school superintendent but some of these guys are running half a dozen schools, less than a million students, some of them are making 200,000 or more. it is amazing there is no transparency, little oversight for the public servants will scream about the private sector. look to your own backyard. charles: the same ideology that argues about corporate salaries uses that as an excuse to bump up their own salaries. digging a were using to bump up your salaries? connell: thank you, charles, appreciate it. dagen: i am taken mcdonnell. connell: i am connell mcshane. thank you for joining us and this is what is keeping washington up at night. preventing a budget deal from happening. dagen: a big day for bernanke and company. is it time for the central bank to pull back on the bond buying? connell: and the taiwan factory making the recall
of bankustomers are blowing their talk, with talk of a 10% tax on deposit the money, has a lot of angry customers storming the atm machines but the government has closed banks to avid a bank run, a keeping them close until they sort this out, but the tax is till coming. for cyprus it is about the cost of staying in the euro club, never mind how average i citizes there are getting club. but this is about taxing assets there. something with which we should all be very familiar here. no uncle sam has not hacked into our bank accounts -- yet, but he made a b-line for our other assets like next time we try to sell our home, and obamacare wants 3.8% of the profit for medicare tax. juss like it is tacking medical devices for what it deems exception atrogen -- generous healthy insurance policy. so what is such a big leap going from hitting you up for dollars off fur devices, and hitting you up for dollars off your deposits. none, i tell you cyprus is not isolated. i am telling you, cyprus is a test case, it is starting, it was not only liberal the world over watching. now big brother, everywhere salivati
taxes and pay cuts, instead what they did was they taxed bank deposits. they're calling it a tax. a lot of folks are calling it a seizure. here's what's significant. even small depositors below the insurance threshold are going to get hit. the original number for small depositors below 100,000 euros was 6.5%. they're working in parliament right now about shifting that and any other subsequent plan suggests that if you have insured money it will still get hit. what did we see over the week whend this announcement happened on yesterday? runs on the atms at the banks in cypress because they'd shut down the banks as a result of this. they stopped all wire transfers and you also if you tried to take money out they had partitioned out the amount of money that you were supposed to be giveing to the government each though there hasn't been a vote in parliament. why did cypress need a bailout? its banks are bust. the reason the banks in sicypru they bet the greek debt would not be restructured but it was. that's left a lot of them insolvent. the banks in cyprus are huge, eight times the size of
and taxes, g.o.p. budget includes repeal of obamacare, which i'm sure the democrats are not going to like. ryan reforms the tax code by bringing it down to two tax brackets. the white house releasing its own budget plan in april, we are back to square one. weave that to ta about. welcome all, great to have you here. here are the numbers that popped out to me in ryan's budget. saving 5 trillion over 10 years, but when you drill down into what is really going on here, government spending, federal government spending is going to increase 3.4% each and every year. it will increase anyway 5%. currently that is the plan. in washington we called tha a cut. if we are supposed to rise by 5%. i am teasing you. the spending goes up every year on this budget, but i think this is a pretty heroic effort on the whole. as you mentioned he does the tax reform, goes after the big boulders of the budget, medicare and medicaid. he h, i like the fact he has gone through the abolitn of obamacare. setting up a huge fight because they willry to pass this out of the house meanwhile a trillion dollars x increase i
of dollars of emergency crash and creditors impose onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they h
. the cypriot government says the country's parliament is unlikely to pass legislation which would impose a tax on bank deposits. lawmakers are set to meet and vote on the levy which has been set on a condition of the eu bailout. meanwhi meanwhile, the german finance minister has rushed to the defense of a highly unpopular tax. the move was necessary to keep cyprus from sharing in the burden of a eu bailout. and uncertainty over the outcome of the vote in nicosia continues to weigh on markets. cyprus said its stock exchange will trading until thursday. cypriot banks have been placed on negative watch. carolin roth is reporting now for us. the latest we're hearing is that the vote may not happen today. what can you tell us? >> absolutely. there are a lot of moving parts still, kelly. this is a very fluid situation. the vote is scheduled to happen at 6:00 p.m. local time. there has been no official cancellation on part of the government. but, again, a government spokesperson at the same time also saying that it's very unlikely at this point that the vote will actually go through. that is, of cour
because of that deposit tax component. now, the president is currently meeting with the leaders of the political parties. of course, what he's trying to do is to strong arm and to persuade them into voting for that deal because the other alternative, yes, that is bankruptcy for this country, which has only 1 million people and only makes up 0.2% of the entire eurozone. the debate and the vote on that bailout deal will be kicking off in around four hours from now at 4:00 p.m. local time. thou, a lot of uncertainty as to what the outcome of the vote will be, given that nobody has a clear majority. having said that, there is, of course, the chance that some of the lawmakers who have been wavering could have been appeased by the talk that some of the taxes for the smallest depositors could be lowered. now, "the wall street journal" has reported that those deposits between zero is and 100,000 euros could be taxed at only 3% as opposed to 6.75% previously. now, the middle bracket would be 100,000 to 500,000 euros. that could be taxed at 10% and then anything in excess of half a millio
've never paid taxes in my life, no one wants to hear that kind of talk. warner: the irs just heard you and you will be hearing from them, man. . >> idiot. warner: very good, nick. connell: good one, nick. imus: never paid taxes in my life. okay. well, what else, warner, anything? >> well, my time is up, thank you. imus: your time is up. wilson pickett would have been 72 years old today. of course, he's not. he did record this before he left us. ♪ mustang sally ♪ ♪ guess you better slow your mustang down ♪ ♪ what i said now ♪ ♪ mustang sally now baby ♪ ♪ oh, lord, guess you better slow your mustang down ♪ ♪ oh yeah, you been running all over town now ♪ ♪ oh, guess i have to put your feet on the ground ♪ ♪ what i said now ♪ ♪ imus in the morning ♪ >> legalized theft in a country you barely heard of and your money takes a hit. good morning, everyone, cyprus is the country. the seizure of private bank deposits is the issue. europe says, if you want more bailout, you cyprus people, then everyone with money in cyprus must pay a tax on all bank deposits ha
if republicans agreed to new tax increases. we have heard this before. however, the white house put a positive smpin on the meeting calling it a good substantive exchange and called it a good conversation. the president admitted more with abc news there is more to be done. >> ultimately it may be that the differences are just too wide. if their position is we can't do any revenue or we can only do revenue if we gut medicare or gut social security or medicaid. if that is the position we probably will not be able to get a deal. >> if your piece up on politico read conflicting reports, some say it was more of the same from the president and others say it was a step in the right direction for him to come up to the hill and visit bus. anything come out of this meeting yesterday and the ones that will follow today and the rest of the week? >> i would just replay that clip over and over and over again and that tells you everything you need to know about the next year. the president wants tax increases and he does not want to do a bill with big changes in entitlement reforms. republicans don't want ta
melissa: welcome. i'm melissa francis. lori: i'm lori i i rothman. voting to delay a tax on the bailout, and now there's reports the finance minister is stepping down. we have reaction with the trading president, the former cypress trade representative to the u.s.. he'll be joining us. >> treasury secretary jack lew meeting with the chinese president on the agenda of growing concerns about china ease role in cyber attacks. melissa: targeting seg represents in new york a week after a judge rejected the ban on large drinks. we get the verdict with the judge andrew going after soda, ear buds, cigarettes, what's next? seriously. lori: only can guess. it is back down to the floor, new hour here on "markets now," and i know cypress is driving action again today. >> it is. we are seeing headlines that the president will be talking with angela merkel, obviously, another development pertaining to what we see in cypress, which then, obviously, really rules the e.u. markets and our markets here at home. yesterday, for example, we lost a lot of money in the global market with all the
to raise taxes in virginia in order to deal with transportation problems. it's also worth noting that people are noting the absence of those two, and the presence of people like mitt romney who has said he's never going to run again, and a lot of republicans think he has admitted ran a campaign with some flaws along the donald trump and sarah palin raises questions about the absence of mcdonnell and chris christie. there will be a straw poll here. it doesn't mean a heck of a lot other than republicans are already keeping score. and one more thing, jon. yesterday when we were talking about deliberate irs taxes, i said one in ten were delinquent, it's actually one in a hundred. i don't want the irs angry at me. so made a mistake and cleaned it up. jon: all right. one in one hundred, and as you said, we'll see who shows up to the next cattle call for conservatives. carl cameron, thank you. jenna: well, an outpouring of reaction to the newly-elected leader of the catholic church. pope francis planning an inaugural mass in the sistine chapel. he told a crowd of some 100,000 people in
and it was a tricky moment for him in the press conference. he included some of the tax increases that have gone into effect in recent years and explain how he was also kind of get rid and explain how he would also kind of get rid of the president's format. this is something that democrats are saying, well, week of been through the supreme court challenge, you voted on it, something like 30 times. why are we continuing to battle over something that we have no intention of fulfilling. >> the president scheduled to do his budget the week of april 8. the senate going to meet with house republicans today. give us the nature of these meetings and what will happen. >> today is the second of four trips up to capitol hill for president obama. it's part of this consensus where he's trying to win over congressional support for a grand budget bargain. this has been an effort that was kind of served by failing to avert the squeft a couple of weeks ago. he's got almost the opposite challenge of what he did yesterday when he met with senate democrats, when he was meeting with senate democrats yesterday they w
the president is not winning the battle handsdown. today we get the democrats trillion dollar tax hike plan and wait for it, stocks will be up again. okay retail sales, yes, stocks up again. here we go. "varney & company" is about to begin. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. weike this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades whenou open an account. neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making
's not going to happen. you talk about a trillion dollars of new taxes for patty murray that is unlikely to happen. where is that middle? >> it's going to take the president to forge and find the middle, which is why, again, i echo the points made at the beginning of the show and to mike's point about the weirdness of the town, there was a time when this was not weird. you come from one of the great states and one of the great leaders who helped create this environment, the great tip o'neill understood you had to work with both sides. >> and teddy kennedy. >> no doubt about it. the most productive leader was teddy kennedy in the senate and not only washington. it takes the president to unthaw this. he is going to probably take as many arrows as you said before from the democrats as he will republicans. there are democrats who are staunchly opposed to spinning discipline around entitlement. >> can i say it's actually nice? because this president really hasn't crossed his base a lot the past four years. it's nice for me to be able to say to republicans, who say i think legitimately say he
: that companies from lost tax revenue because the economy is smaller? is that where you're getting the number from. >> yes. a mere 1% growth loss over time is huge impact on the economy and our ability to pay our bills. melissa: now you say this testimony is empirical. that is right in front of us and quantitative and not sub executive and people have to pay attention to that. that is not the case when you present it to the democrats and the president. they say cutting back on spending now would damage growth and the economy and cost us jobs in the short term. how do you respond to that? >> well, basically what the witnesses today said, for the most part, is that congress and the white house is making progress on discretionary spending, more can be done. but they really felt, the focus needs to be on how we make social security, medicare, medicaid, solvent over the long time. there was one other area of treatment. asked, given the obamacare taxes that have kicked in, the new taxes from the fiscal cliff, absent fundamental tax reform, would raising taxes again be helpful to our economy? no one agre
, it results in unfair tax hikes on middle class americans and results in undue burden on middle class americans through the cuts envisioned. >> this republican budget once again makes an ideological, uncompromising approach to addressing that budget challenge. >> perhaps the best thing i can tell you about the republican budget is that here we go again. >> yesterday americans got their first look at this year's ryan republican budget. turns out it it looks like last year's ryan republican budget and it wasn't the only one. i wasn't the only one that said, gee-whiz, not again. >> sean: their fearless lead her -- their fearless leader demagogued so he they demagogued. why are you laughing? >> i'm laughing because these are what i'll call the jim jones democrats. these people are unbelievable with what they're talking about. let me throw a few facts on the table. the government accountability office that works for harry reid and obama, they say 125 billion dollars in estimated improper payments in the federal government? i've got another one of their reports, 510 billion dollars of dupli
closely in the tax realm. we'll see whether or not they have earnings. [closing bell rings] david: best buy up another 5%. that stock can not be denied. as you her the bells are ringing on wall street. looks like the indexes are going to keep essentially where they were before and after ben bernanke began to talk. looked like they were sliding a bit. they stopped that slide. trading this the 50 to 60-point range on the dow. the s&p is doing better percentagewise. nasdaq is doing well. russell 2000, small and mid-sized caps doing well. there are interesting company stories and sector stories as well, lauren. lauren: homebuilders are one of the sectors. among the best performers today on better-than-expected earnings from lennar. lennar as well as d.r. horton hitting new 52-week highs today. david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dro
. the sequencing done right on this cut spending cuts and tax reform. things sound great and they're moving along now. but joe, as we talked about earlier, you're going to have reticent democrats. and even key congressional races who are going to slow down a bit and saying, look, i want immigration and guns dealt with, what are we doing about the economy and the budget, the debt, and tax reform? >> and this is, richard haas, you can only push people so far, i mean, not the republicans' best friend. this weekend said democrats you're about to lose me. i pay 40% federal, 15%. well, i hear we have it cued up. let's go. this is bill maher this weekend. >> -- actually do pay the freight in this country. i just saw the statistics, something like 70%. and here in california, i'm just going to say, liberals, you could actually lose me. it's outrageous what we're paying. over -- i'm willing to pay my share, but yeah, it's ridiculous. >> and not only that -- >> wow. >> people like bill maher pay 55% in california, people in new york pay over 50%. in new jersey, why is a republican sitting at 70% plus appro
meltdown. the parliament rejected an unprecedented tax on bank deposits. that was a key part of the eu bailout terms. the finance minister is in moscow today with mounting speculation that russia could step in with a safety plan to safeguard russian deposits in cyprus. steve sedgwick is in moscow where he caught up with the finance minister there an hour or so ago. steve? >> they turned to russians once again. there's a loan on the table from russians dating back from 2011 so it's not the exception to it the rule for the cypriots to turn to the russians. the russians themselves are indignant they weren't brought into talks. let's hear what he had to say earlier on about the state of the current talks. >> first meeting very constructive. very honest discussion. we underscored how difficult the situation is and we'll now continue our discussions to find a solution by which we hope we will get some support from russia. >> in terms of that support, are we talking about a change of terms for the current existing 2.5 billion euro loan and an extension of 5 billion loan in addition to that? >
and the latest deposit tax scheme. happy anniversary, apple dividend and it was a year ago when the tech giant announced its dividend in 17 years. will apple succumb to the bigger payout as it faces stiffer competition from samsung. lululemon doing the downward facing dog with the transparency with the iconic black yoga pants prompting the retailer to cut sales guidance and boeing clinches an order from ryanair. of course, we begin with the markets. the dow and the s&p 500 hoping to avoid their first three-day losing streak of the year. wall street will be paying close attention in about three hours from now. that country's parliament scheduled to vote on a proposed tax on bank deposits and the controversial measure appears set to go down in defeat. here in the u.s., policymakers begin a two-day meeting in which they're expected to hold current policy. this is one of the meetings where we will get a press conference and people will be hanging on every word and every use of every adjective coming out of the fed chairman's mouth. are you expecting anything? >> i think that, frankly, we are looki
's going to cut taxes for everyone and get two tax brackets of 10 and 20%. and then medicare is going to become private subsidized health care plans for people under 55 and eliminates the federal program. if you're cutting taxes by that much, it sounds like, well, it sounds like you're cutting those other things dramatically, too. >> well, yeah, paul leaves it out in there. to me, this is a very good blueprint to go forward on. i also support tax cuts. i do think that ultimately, tax cuts do generate more revenue. i come from the jack kemp school of republican party which does believe in tax cuts. but, again, this is our plan on the table. president should come forward with his and we'll go forward from there. this is a divided government. the republican realizes that. we're going with what we feel is our best case. and it's really not challenging, but it's asking the president come forward with his. the fact that he's coming in tomorrow. we'll go over some of these issues with him. and it will be a good first step. >> you know what's kind of amazing about that. some of your fellow re
. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. michigan's governor is not waiting any longer for a plan from the city government in a very dramatic move today he named the washington attorney kevin orosz to take over the city as emergency manager. the republican governor rick schneider is joining us with kevyn orr. thanks very much for joining us. >> great to be with you. >> thanks for inviting us. >> mr. orr, let me start with you. what are you going to do? you have about 18 months to try to get detroit's finances in order. >> wolf, the first thing is make an assessment if i can of enhancing city services to the citizens of detroit. i'm going to sit down with consultants and restructuring team that the governor has in place to try to prioritize what we need to do next based upo
forward with a plan that gives the biggest tax rate in the world to the richest. paying for it with huge slashes in programs for middle class working people and the poor. call it ryan shrugged. it kills the president's health care plan outright in its crib. dumps medicare for a cheapskate voucher scheme. and offloads medicaid on to the states and steals from the ordinary people, that old 47%, and gives a bundle to the elite at the top. why is ryan doing this? you just have to ask, why after getting beaten and rejected in the presidential election last november is the vice presidential candidate coming out here trying to etch-a-sketch the whole thing, pretend the election never happened? tell me, where's ryan express, taking the republican party further off the cliff? if he's giving up -- what's he doing? giving us a souvenir roadmap of where they all went wrong? in a moment we'll be joined by congresswoman debbie wasserman-schultz. with us now, "washington post's" ezra klein and msnbc political analyst. thank you, ezra. i want to get to the basics. the boxcar information here. why in the
at this point. >>> h&r block software glitch is delaying some 600,000 tax refunds up to six weeks. you're affected if you claimed education credits using form 8863. they say you're okay if you filed after february 22nd. the problem is fixed now. it is working with the irs to get people their money as fast as they possibly can. >>> a 16-year-old allegedly rained by two star high school football players in ohio town in shock and outrage as the trial opens. next, the latest from steubenville and we will hear from our legal experts. stay with us. [ male announcer ] if she keeps serving up sneezes... [ sneezing ] she may be muddling through allergies. try zyrtec®. powerful allergy relief for adults and kids six years and older. zyrtec®. love the air. and kids six years and older. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or m
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. that and no new taxes all they can agree on. no new taxes but why hasn't president obama offered republicans a deal from his points of view? his version of a grand bargain to force the republic chance to say no and walk away from the table? he hasn't done that yet. >>> by the way, donald trump tweeted yesterday, really big crowd expected tomorrow at cpac for his speech. here's the really big crowd that showed up to see trumpy. an overflow audience. filled with empty chairs. that's "hardball" and we're playing it. this is the place for it. we'll be right back. stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> president obama announced the official delegation to the vati
swallowed a man in the middle of his golf game. trapped in a pile of mud 18 feet below ground. >>> and a tax season snafu causes refund delays of more than a month. find out if your refund is one of them. live in the cnn newsroom. >>> good morning. thank you for being with us. i'm carol costello. we begin this morning at the vatican, where billowing black smoke reveals the catholic church is in search of a leader. cardinals have voted three times now and have not selected a new pope. things get even more interesting. the cardinals enter the conclave with no clear front-runner and we are wondering, if the election is deadlocked or if they are ziering in on a successor to pope benedict. chris cuomo, let's start with you. the cardinals breaking for a long lunch. how much has this process been pushed along? >> well this is the most important part of the day you could argue, carol. they are not allowed to politic in the conclave. more of a religious ceremony than a convention this is their chance. they eat, rest, move around, go in different rooms. we are told, of course, they take time to pray.
have bank accounts would be taxed one time on their deposits. so if someone has an account with $129,000 or less, they would have to fork over almost $9,000. that's a 6.7% tax. people who live there as you can imagine, they're really nervous about this tax. over the weekend, many rushed to withdraw their money out of the bank. this is what's unnerving the markets right now. about 15 minutes before the opening bell. >> al wlis siclisoison kosik li york stock exchange. >>> the heat tied a leg record for the second most con secreta consecutive wins. they will try to extend the streak in boston tonight when the celtics have their own run going, 11 straight home wins. >>> another miami basketball team is also on a roll, though. the university of miami hurricanes beat north carolina to become atlantic coast conference champs and advance to the ncaa tournament. 67 other teamses are in the big dance which tips off tomorrow. that means it's time to fill out those brackets. carlos diaz is checking a huge one here in the cnn center. wow, carlos. ♪ ♪ indiana, indiana, we're all for you, we w
with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the road like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanese ] we work wherever you work. now, that's progressive. call or click today. >>> would you believe i took the subway? the subway, mary. i'll never be able to wear it again. >> valerie harper, 50 million people tuned in for what was the event of the year. valerie is back with me now. in the break, i was checking my twitter feed. it absolutely has blown up with people so moved and inspired. many to tea
,000 in the bank entirely to those under 100,000 and to keep the tax at 9.9% for those above 100,000 euros in their accounts. if it doesn't sound much different from the original plan, it's not. it basically exempts those with less than 20,000. on the back of that, we did see markets weak. elsewhere, there has been a weakening, but realively contained one. the ftse mib in italy is down 0.3%. the xetra dax is down by 0.5%. france is weaker. the ftse, as well, down about 0.25%. not too far off the levels we've seen this morning. german economic sentiment did come in roughly in line with expectations, so that helps to keep the bid in the euro, as well. here is the different between spain and italy. italy's ten-year selling off a bit. yield up to 4.66%. spain rallying. it did go to market with three nine-month yields this morning. still below 5%. i mentioned what was happening with the euro. let's take a look now as it continues to go through the different pieces of economic data we're getting this morning. it's still down about 0.11%. yesterday, it was actually stronger. so markets generally
a robust debate on tax reform? that is sitting out there and no one is moving on it and everyone is very unhappy with the tax code as it currently exists and there are some opportunities there to pick up some additional revenue. but, at the same time, it would send a signal, i think, across the entire spectrum of the country maybe they can get something done. >> i agree with you. you're an experienced observer of these things. why can't we have this? the simpson-bowles system is hire tax reform and we are trapped. >> i don't know why the president just doesn't reach out and say we are having trouble with these other issues. this is one in which we can all gather at the same place and get something done. >> isn't the argument what to do about the -- that's where everyone sort of breaks. the president is saying, it's not -- some of it should be used to -- some of it should go back into the government and some of it could be used to lower tax rates. >> the president is not spending the good tax reform and debate is why. washington loves to talk about taxes. a long time now sideways spending
, absolutely, bill. it's all about the dog that didn't bark. we had a huge tax increase on january 1st of this year. here we are, more than two months into the year, and we have yet to see any sign that that tax increase has had a material impact on the consumer. retail sales coming in for february, stronger than expected. today's jobless claims number suggesting that hiring is actually doing better than people expected. so you're seeing two things. number one, people growing more confident in their numbers for 2013, and a couple of people actually raising their numbers. barclays, for example, now looking at 2.5% growth in the first quarter, up from 1.9%. so you have a little bit of positive activity. >> we're going to hear from jeff spreker in a moment. he said his exchanging the new york stock exchange is basically making a bet that q3 is going to end. because he's expecting a lot of action around interest rate-related products. when would you expect qe3 to wind down? >> right now, most people are expecting it to wind down around the end of the year. and i think that's a pretty good
obama to fail, will do anything to make sure he fails. that and no new taxes all they can agree on. why hasn't president obama offered republicans a deal from his point of view? his version of a grand bargain to force the republic chance to say no and walk away from the table? he hasn't done that yet. >>> by the way, donald trump tweeted yesterday, really big crowd expected tomorrow at cpac for his speech. here's the really big crowd that showed up to see trumpy. an overflow audience. filled with empty chairs. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ that nasty odor coming from your washer. say farewell to the smell with tide washing machine cleaner. it goes straight to the source of the stink to lift odor-causing residues off your washer's drum. tide washing machine cleaner. [ crisp crunches ] whoo-hoo-hoo! guess it wa
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republicans today. talking about spending, taxes, other critical issues. dana, are you with us? >> reporter: i am. can you hear me, wolf? >> now we hear you. >> reporter: good. to answer your question the timing couldn't have been more fascinating because it was about a half way through the president's meeting with house republicans that we all saw the white smoke. when he came out we asked him about that. >> mr. president, what about the new pope? >> mr. president, are you upstaged by the new pope? >> i made the announcement we saw smoke but i haven't actually seen the official announcement of name so we look forward to hearing about it and i'm sure it is going to be -- >> what about the white house tour? will there be white house smoke here. >> you're straining the analogy. >> how'd it go? >> good. i enjoyed it. it was useful. thank you. >> now, when we heard about the pope we were e-mailing with people in the room asking if people there knew about it. at the beginning there was hub bub but then it turns out the president was handed a note by his deputy chief of staff telling him the news an
's allowances, tax breaks for home ownership for simple reason, they work. she goes on, it is surprising that we haven't already put the solution to more widespread or better use. so, she is responding to this new campaign in new york that critics are calling hostile and stigmatizing towards teen parents. you see this display here. these are babies, their pictures are shown. the little girl here says, honestly, mom, chances are he won't stay with you. what happened to me? erica was going to come on and speak with us today, personal reasons she couldn't quite make it. we wanted to just discuss her idea. erin ashburn, mara davis, jack moore, and belmonte jones. welcome to all of you. i'd like to hear from you first. tell me, what do you think paying teens not to get pregnant. good idea, bad idea? >> here's the thing, who's going to rationalize with the teenager, right? if you've got a kid that's 14, 15, 16, whatever you're saying to them now is not something that's going to hold true. when you're at a party, when you like a boy, you're going to do what you want to do. >> you don't think money talk
taxes deregular allegation, smaller government. you don't want to hear the new stuff, immigration reform, reaches out to minority voters or doing something about the medical expansion. even rand paul, his remarks were well-received for the most part but fell flat when he started talking about not jail kids for marijuana use. that kind of sent a chill over the crowd. basically, cpac from estimation is when you go to hear the hits and feel good that you joined in the conservative movements five day conference. cenk: it's interesting you mentioned rand paul. we've got both sides of what you mentioned here. i want to play the clip where he's playing the old hits. this would be "born in the u.s.a." if i were it were springsteen. >> the gop of old has grown steal and moss covered. the republican party has to change by going forward to the classical and timeless ideas in our constitution. it's time for us to revive reagan's law for liberty to expand, government must shrink. we must have a message that is broad, our vision must be broad and that must be based on freedom. cenk: oh smaller governm
continued to spend money in february despite higher payroll taxes and gas prices. the policies are keeping interest rates down and making the stock market the best place to go for a return on investments. and samsung's galaxy could be one of the best selling smart phones of the year. it comes with a high resolution crean, and it is lightweight because of the plastic shell. samsung is not giving any details away on the processor or price. the galaxy is expected to hit the shelves in april. >>> and then plunging to the lowest level since 2007, and more buyers jumped back in the market thanks to low interest rates. >>> and then hostess filed for bankruptcy last fall after a baker's strike pushed the company over the edge. >> people were mad about that, couldn't get their tweenkees, right. >>> facebook is using hash tags as well now. >> it took me a while to figure out what the hash tags were used for, and now facebook wants to cash in on it and maybe the stock will go up as well. >> the idea is to get people using facebook longer. you check in and go away, and they want you to stay on faceboo
of the fiscal cliff deal. what about that? >> we believe tax reform ought to occur so we get a pro-growth tax policy to get the economy rolling again. we'll charge the ways and means committee with doing that. come out with some white papers that provide a construct for that and we're excited about that excited about making certain we bring down tax rates for individuals and businesses, we have the highest business corporate rate in the industrialized world. that doesn't create jobs for anybody. that's a disincentive for job creation. wonderful reforms to get that economy rolling again and jobs created again in the house budget. we look forward to the debate that's going to come. >> tom price joining thus morning. thank you for joining us. >> thank you, soledad. >> you bet. >>> actress gwenneth paltrow has an interesting rule for her children. no carbs. we'll talk about that. and we'll talk about jillian michaels if that's healthy at all. she has written a new book called "slim for life." she is ahead. ♪ looking for a litter with natural ingredients that helps neutralize odors. discover tid
is it that allowed or condoned or suggested the idea that the lower threshold of 100,000 euros should be taxed? >> listen to the statement out of the european commission. one of the myriad of bureaucrats in brussels. the commission made it clear in the euro group meeting before and they capitalized before, the vote in the cypriot government that an alternative solution would be acceptable and preferably one without a levy on deposits below 100,000. the cypriots did not accept such an alternative scenario and they squarely placed the blame on the guys in the parliament building behind me. so we'll see what happens. the breaking point is at some point we're not going to keep stuffing the atms with money. and they'll have to figure it out and close down some banks, et cetera. >> i respect the detail that you've been through, but this market clearly believes that the deal will get done and the banks will get propped up with international aid. we're up 72 points on the dow. nobody in the market appears to be worried about it and we haven't seen a big move on bonds today. how do you reconcile that w
and asking why are your tax dollars going to such a radical country? log on to the website, we always want to hear from you, at hannity lilive.foxnews.com ad why am i sitening this chair, who hired me? and what about his background saw something in me didn't know existed. all that straight ahead. you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... go(mom) i rais my son to bester! careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes a subaru a subaru. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. with the bing it on challenge to show google users what they've been missing on bing. let's bing it on. [fight bell: ding, ding] how many here are google users? what if i was to tell you that you would actuall
? >> compound tax free offshore, then eventually return. >> you want to see how much they own in real estate, in goal, in forex? >> right. we're going to talk about -- exactly. bridge water -- oh, how is apple doing? >> the analyst out of btig is on the 11:00 hour this morning with us. to his credit he cut the stock when it was $634 last april. missed some of the up side but missed a lot of the downside. he does point out they're probably going to miss. guidance is probably going to miss. management doesn't know what to do with this money. there's products we don't know if they're in the pipeline or if management will even pursue them but he's giving them a huge benefit of the doubt. >> i thought this was one of the most brilliant upgrade i've ever seen. it starts off by basically saying this company is going to blow it. that's why i like it. the reason why i say it is important, this stock has become very psychological. he's basically saying -- he's been at the top before. we know in another bull market he was in there at the top. >> yes, he has the advantage of experience. >> he's saying i
, will do anything to be sure he fails that, and no new taxes, all they really can agree on. on screwing obama, but why hasn't president obama offered republicans a deal from his point of view? his idea of a grand bargain? forcing republicans to say no and walk away from the table. he wasn't done that yet. >>> by the way, donald trump tweeted yesterday, really big crowd expected tomorrow at cpac for his speech. here's the really big crowd that showed up to see trumpy. an overflow audience. filled with empty chairs. anyway, hats "hardball," and we're playering it. this is the place for. >>> we'll be right back. think again. introducing olay professional even skin tone. developed by experts in skin genomics to target 5 major causes of uneven skin tone and help restore even color. olay professional even skin tone. challenge that with olay facial hair removal duos for fine or coarse hair. first a pre-treatment balm then the effective cream. for gentle hair removal at far less than salon prices. there's no place like home. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't
involved entitlements and taxes and whether the two sides could find enough common ground to reach some sort of grand bargain on the budget. a number of top republicans said they liked what they heard, particularly on the president's willingness to address entitlement reform. at the same time, one republican acknowledged the president's central point that unless they give him cover on revenue, he's not going to have much left convincing his own party tackling programs like medicare. >> that is where we are, david, right now. the president understandably needs cover before he goes to house democrats and say i'm going to do this with cpi and adjust medicare benefits down the road. republicans the same way. saying this is the position i'd be in right now. don't even talk to me about more tax revenue unless i know they are going to get serious about entitlement reform because i have to go back to my district and explain why we cut defense spending and taxes are going up. but this sounds like they are least -- >> it's amazing a news story that people get together and talk. it's amazing it's
my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> that's it for us, thanks for watching "erin burnett outfront" starts now. >> i would like to pray for the lord so that the prayer of the people blesses also the new pontiff. >> the new pope asked for the people's blessing. good evening, everyone. i'm erin burnett in front of st. patrick's cathedral in new york city. what do we know about the new leader of the world's catholics? we're going to tell you. let's go "outfront." >>> and good evening to all of you. "outfront" tonight, we do have a new pope. argentina's jorge mario bergoglio stepped out on the balcony of the papal residence tonight and greeted 150,000 people and more than a billion others who were watching on television around the world. take a look a
plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. great first gig! let's go! party! awwwww... arigato! we are outta here! party...... finding you the perfect place, every step of the way. hotels.com >>> now here is what is never supposed to happen when you are skydiving. look at craig stapleton. he's made thousands of successful jumps. spinning and freefalling under a tangled chute is not one of the jumps he expected to make. his reserve shoot only made the tangle worse. his partner watched from a few thousand feet away. it was not craig stapleton's time. it turned out miraculously he landed in a ion vine yard with a dislocated shoulder. >> i completely lucked out. god watches out for idiots and puppy dogs. he just let me live and walk away. >> i know what you're thinking. stapleton will sta
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